Gold price apporahces the support – Analysis - 11-09-2019

2019-09-11 05:03:03 GMT (Economies.com)
Gold price apporahces the support – Analysis - 11-09-2019
 

Gold price retested the previously broken support that turns into resistance now at 1498.00, noting that the price stability below this level will push the price to achieve more decline on the intraday basis, and the next target is testing 1480.00.

 

Therefore, the bearish bias will remain suggested for today, noting that breaking the targeted level will extend the bearish wave to target 1450.00 areas on the near term basis, while breaching 1498.00 will stop the expected decline and lead the price to regain the main bullish trend.

 

The expected trading range for today is between 1477.00 support and 1500.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1022
0.0002
0.0155%
1.2472
0.0003
0.0236%
17.964
0.513
2.940%
58.477
3.583
6.527%
64.28
-0.12
0.19%
1516.410
27.430
1.842%
 
 
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